Wabtec $WAB Shares Sold by Vantage Investment Partners LLC

Vantage Investment Partners LLC trimmed its position in shares of Wabtec (NYSE:WAB) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,095 shares of the transportation company’s stock after selling 62,478 shares during the period. Wabtec makes up 3.5% of Vantage Investment Partners LLC’s portfolio, making the stock its 7th biggest holding. Vantage Investment Partners LLC’s holdings in Wabtec were worth $51,255,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Guggenheim Capital LLC boosted its stake in Wabtec by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock valued at $1,034,000 after purchasing an additional 342 shares during the period. Bank of Nova Scotia boosted its position in shares of Wabtec by 0.5% in the second quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock valued at $3,745,000 after acquiring an additional 97 shares during the period. Nebula Research & Development LLC boosted its position in shares of Wabtec by 208.7% in the second quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock valued at $1,128,000 after acquiring an additional 3,641 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Wabtec by 11.6% in the second quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after acquiring an additional 9,545 shares during the last quarter. Finally, Ieq Capital LLC increased its position in Wabtec by 19.2% during the second quarter. Ieq Capital LLC now owns 30,352 shares of the transportation company’s stock worth $6,354,000 after acquiring an additional 4,889 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Wabtec Stock Performance

WAB traded up $1.73 during trading on Friday, reaching $261.50. 553,958 shares of the company’s stock were exchanged, compared to its average volume of 776,780. The company has a market capitalization of $44.37 billion, a P/E ratio of 36.99, a PEG ratio of 1.87 and a beta of 0.94. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $264.85 and a 200 day moving average price of $251.37. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $284.91.

Wabtec (NYSE:WAB) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.28 EPS. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, analysts predict that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 22nd. Wabtec’s dividend payout ratio is 17.54%.

Insider Activity

In other news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $263.50, for a total value of $285,107.00. Following the sale, the insider directly owned 11,985 shares in the company, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rafael Santana sold 60,852 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the completion of the transaction, the chief executive officer directly owned 128,729 shares of the company’s stock, valued at approximately $34,613,940.81. The trade was a 32.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,586 shares of company stock valued at $17,867,065 in the last three months. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

WAB has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research note on Tuesday, March 31st. Citigroup boosted their price objective on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Susquehanna reaffirmed a “positive” rating and set a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.82.

About Wabtec

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.